Quick facts: Melbourne beach, FL

Quick Facts

107.5
Cost of Living
above US average
3,242
Population
8.33
Crime Rate per 1000
below US average
$80,795
Median Income
above US average
$725,000
Median House Price
above US average
$4333.97
Average Rent
above US average
8%
Poverty Rate
below US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $80,795.

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Income Needed to Buy

βœ— Stretch
$227k/year
Based on $725,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $227k vs median $80,795
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Income Needed to Rent

⚠ Stretch
$186k/year
Based on $4333.97/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $186k vs median $80,795
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Melbourne beach, FL

Melbourne Beach is a charming coastal town located in Brevard County, Florida. Nestled between the Atlantic Ocean and the Indian River, it boasts a picturesque setting with beautiful sandy shores and a relaxed atmosphere. The town is part of the larger Melbourne metropolitan area, known for its vibrant community and outdoor recreational opportunities. Melbourne Beach offers various activities, including surfing, fishing, kayaking, and paddleboarding. The scenic beach is perfect for sunbathing and swimming, while the nearby Sebastian Inlet State Park is a popular spot for nature enthusiasts, offering trails, wildlife observation, and excellent surf opportunities. The town features quaint shops, local restaurants, and community events, contributing to its small-town charm. Residents and visitors can enjoy a laid-back lifestyle, with friendly neighborhoods and a strong sense of community. Additionally, Melbourne Beach is part of Brevard County's renowned Space Coast, providing easy access to attractions like the Kennedy Space Center and the historic charm of nearby Melbourne. Overall, Melbourne Beach is an idyllic destination for those seeking relaxation and natural beauty along Florida's coastline.

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